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Oct 28, 2012 2:30am EDT
have is a far better use of that money. they should not have spent at $140 million. >> we're with the money come from? >> they are projecting growth at 2.5%. that would be $500 million. there was also a provision that if you are a small business and have to pay for your trademark or logo that the out-of-state company that owns that would normally have to pay tax in north carolina for that revenue. they have exempted that's about out of state company no longer pays taxes in north carolina but that small business in north carolina is still paying every penny for that logo. we have about $1 billion on the books in bad debt, taxes that are owed. we collect about $500 million per year. when i was in the senate, i supported technology that is now in place that makes it that much more efficient. i think we can collect $100 million and probably keep $100 million off the books if we do that right. that is getting close to it and there are other things like a streamlined the sales tax through voluntary compliance. they cannot require internet companies and catalog companies to collect a certain
Search Results 0 to 0 of about 1